Commerce

About Commerce:

Commerce refers to the purchase and sale of goods and commodities on a large scale. Commerce is one of the most important and popular streams pursued by the students all across India and in modern times it is giving really tough competition to Science stream, which is now no more the de-facto stream for students after the advent of commerce.

The studies pertaining to business, markets, stocks, economy, book-keeping, accountancy, business policy making, production, consumption, management etc. all come under commerce. Basically all the studies related to finance or involving transactions come under the commerce stream. It is generally said that students who are good with numbers and enjoy number crunching, often do well in commerce.

The study of commerce can be taken up in higher secondary and can be continued till Under Graduation and even Post-Graduation. The fields for higher studies in commerce are:

• Bachelors of Commerce (B.Com)
• Masters of Commerce (M.Com)

The admission to these courses is made both on merit as well as entrance test basis, depending upon the university.

Apart from this, professional courses related to commerce also have a very high demand and a promising future. The professional commerce courses are:

• Chartered Accountancy (CA)
• Company Secretaryship (CS)
• Cost & Management Accounting (CMA) (Formerly ICWA)
• Chartered Financial Analyst (CFA)

Commerce students can also pursue 3 years Law (LLB) after graduation. They are also eligible to appear for all the competitive examinations such as UPSC, CDS, Management Exams, SSC, AFCAT etc.

Some of the premier colleges which are often considered the best for pursuing commerce education are:

• Shri Ram College of Commerce (SRCC), Delhi University
• St. Xavier’s College, Kolkata
• Hansraj College, Delhi University
• Hindu College, Delhi Univeristy
• Ramjas College, Delhi University
• Sri Venkateshwara College, Delhi University
• Lady Shri Ram College, Delhi University
• St. Xavier’s College, Mumbai
• Loyola College, Chennai

AVENUES FOR COMMERCE STUDENTS

The future prospects after pursuing B.Com, B.Com (Honours), B.A. (Economics) and other commerce degrees are enormous. A graduate from the prestigious Shri Ram College of Commerce (SRCC) can easily expect a job with an average package of Rs. 6.5-7 Lakhs Per Annum (LPA) which can go as high as a whopping 31-35 LPA. 100+ recruiters visit the campus every year with 300+ offers being made to the students. Leading companies like Deloitte, McKenzie, DE Shaw, KPMG, PWC, Zomato, Standard Chartered, and Ernst & Young visit the campus for recruitment every year.

Similar trend is observed in all the leading commerce institutions. Salaries offered are at par with some leading engineering & management institutes.

Some of the emerging career options for commerce graduates in India are:

• Financial Analyst
• Market Research
• Brand Management
• Digital Media
• Sales & Marketing
• Media & Communication
• Data Analytics
• Finance / Marketing / Human Resources / Operations Manager

Commerce students also have a high demand in banking sector, including the Reserve Bank of India (RBI) which conducts its own examination for hiring. Commerce graduates can also pursue their careers as loan executives, economists, financial planners, bank managers, financial accountants, venture capitalists etc.

Eminent personalities who have pursued their education in commerce stream:

• Piyush Goyal (Railway Minister of India)
• Suresh Prabhu (Former Commerce & Industry and Civil Aviation Minsiter of India)
• Rajat Sharma (Founder and CEO, India TV)
• K.M. Birla (CEO of Aditya Birla Group)
• Motilal Oswal (Chairman of Oswal Group)
• Late Arun Jaitley (Former Finance Minister of India)
• Aditya Puri (MD of HDFC Bank)
• Deepak Parekh (Chairman of HDFC Bank)